tax-exempt
Americanadjective
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not subject or liable to taxation.
tax-exempt imports.
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providing income that is not taxable.
tax-exempt municipal bonds.
noun
adjective
-
(of an income or property) exempt from taxation
-
(of an asset) earning income that is not subject to taxation
Etymology
Origin of tax-exempt
First recorded in 1920–25
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
Yale has a $44 billion endowment and is tax-exempt.
From The Wall Street Journal • Apr. 28, 2026
“Given the evolving market dynamics of college sports,” she wrote, “legitimate questions have been raised about whether it is time to rethink the tax-exempt regime under which college sports currently operates.”
From Salon • Apr. 5, 2026
The dissolution order from the Tokyo district court was meant to strip the church of its tax-exempt status and require it to liquidate its assets, but still allow it to operate in Japan.
From BBC • Mar. 4, 2026
The category weightings for the five-year results were general equity, 37.7%; mixed asset, 21.8%; world equity, 16.7%; taxable bond, 20%; and tax-exempt bond, 3.8%.
From Barron's • Feb. 26, 2026
And the congressional committees were trying to investigate only one part of the web–the powerful tax-exempt foundations in the United States.
From The Invisible Government by Smoot, Dan
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
